Qatar has withdrawn measures taken against the UAE in the World Trade Organisation over a ban on UAE consumer goods and services, it was announced on Saturday.
During a session of the WTO’s dispute settlement body on Friday – which was set up to look into a UAE request to set up an arbitration committee to assess Qatar’s ban on UAE goods – Qatari officials announced that they had withdrawn the measures.
Additionally, Qatar said it had partially revoked measures that bun the sale and purchase of UAE-exported commodities.
“The Qatari climbdown recognises that Doha’s policies have violated its international obligations,” the UAE’s WAM news agency said. “However, the partial concession doesn’t resolve some of the fundamental issues of the dispute, and the UAE continues to explore its legal options to ensure that Qatar abides by its WTO obligations.”
Abdullah Hamdan Al Naqbi, director of the international law department at the Ministry of Foreign Affairs and International Cooperation, said that the Qatari move “was a clear concession.”
“We continue to seek Qatar’s full withdrawal of the measure so as to ensure Doha’s commitment to its WTO obligations and ensure our exports of goods has free access to Qatar’s market,” he added. “We see today that Qatar’s approach, which placed it on the defensive, did not count and think of the damage that will come back from this trend.”
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.